Insurer IPO To Raise $460 Million

Hanson, Matthew
August 2006
Bond Buyer;8/3/2006, Vol. 358 Issue 32437, p1
Trade Publication
The article reports on the plan of a unit of Bermuda-based XL Capital Ltd. to raise as much as $460.2 million in the spin-off of two subsidiaries. The subsidiaries were listed on the New York Stock Exchange under the new holding company Security Capital Assurance at an initial offering price of $20.50 per share.


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